Grace & White Inc. NY Sells 800 Shares of Manulife Financial Co. (NYSE:MFC)

Grace & White Inc. NY lessened its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 0.2% during the 4th quarter, Holdings Channel reports. The fund owned 430,805 shares of the financial services provider’s stock after selling 800 shares during the period. Manulife Financial comprises approximately 2.5% of Grace & White Inc. NY’s holdings, making the stock its 11th largest position. Grace & White Inc. NY’s holdings in Manulife Financial were worth $13,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in Manulife Financial during the third quarter valued at approximately $26,000. Crews Bank & Trust purchased a new position in Manulife Financial during the 4th quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in Manulife Financial during the 3rd quarter valued at about $30,000. Fortitude Family Office LLC purchased a new stake in Manulife Financial in the third quarter valued at about $31,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Manulife Financial during the fourth quarter worth about $34,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

Manulife Financial Stock Down 0.1 %

MFC opened at $29.58 on Thursday. The firm’s 50-day moving average price is $30.59 and its 200-day moving average price is $29.56. The company has a market cap of $50.97 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 52-week low of $21.95 and a 52-week high of $33.07.

Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.